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Time Cuts Staff, Pushes Online Efforts

Published on February 01, 2006
Time Inc. said it would be executing another round of job cuts, lopping off another 100 or so employees, a disproportionate number from its Time and Money titles, reports MarketingVox. Last year it started cutting with an eye toward beating back a notably layered management structure. A spokesman told the New York Times that business was actually running pretty well, and that the changes were necessary for more forward-looking strategic reasons.